Macro says sell rallies. Elliott explains why.Germany 40CAPITALCOM:DE40COLOMBINI-TRADINGRight now the market looks oversold. Most traders are starting to think: “maybe this is the bottom” But structurally, this is where things get interesting. From a macro perspective: VIX elevated Credit under pressure BTP/Bund widening USD firm This is not a stable environment. This is early risk-off. Now layer Elliott on top. What we are likely seeing is: → a completed impulsive move down → followed by a corrective structure Not a reversal. A correction. The current bounce can be interpreted as: a developing B wave (in purple) Which typically: retraces part of the move traps dip buyers creates the illusion of strength Before the real move begins. And what comes after a B wave? Another leg down. A final flush. A move that aligns with macro stress. This is where macro and structure converge. Macro → sell rallies Elliott → rallies are corrective (B wave) Same conclusion. Different lenses. Most traders will: → buy this bounce → call a bottom → get trapped Professionals will: → wait for the rally → identify exhaustion → sell into strength This is not a reversal. This is positioning. And if the count holds: the next move is not up. it’s a continuation lower.